Regulatory Compliance

That’s a Wrap

The NCUA recently wrapped up its last board meeting of 2013. But what’s a meeting without a new rule? Just in time for the holidays the NCUA Board approved a final rule that will allow federal credit unions to fund hybrid charitable and investment vehicles designated as charitable donation accounts, under certain conditions. The NCUA also issued a proposed rule concerning member privacy and examiner safety at home-based federal credit unions.

Keeping with the credit union spirit of thrift, the NCUA Board also approved a reduced oversight budget for the Temporary Corporate Credit Union Stabilization Fund.

This year is quickly coming to a close but it’s never too early to start looking towards 2014. The NCUA Board meeting schedule for next year can be found here.

Happy Holidays!

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